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In a year that saw the first cancellation of its signature summer event in 108 years, the Calgary Stampede was saddled with $26.5 million in red ink in 2020.
That result came even after nearly $16 million in government COVID-19 aid and grants, and follows a $2.2 million in excess revenue over expenses in 2019.
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Stampede hit by $26.5-million loss in pandemic year, putting viability in question Back to video
The unprecedented cancellation led to a $3.1-million loss on the 10-day rodeo and midway bash last year, compared with $24 million in black ink in 2019 — a deficit offset by $57 million savings on expenses.